Dhaka, Jan. 26 -- Referring to Bangladesh's agreement with Argent LNG, BIDA Executive Chairman Chowdhury Ashik Mahmud Bin Harun has said signing a non-binding HOA (Heads of Agreement) that outlines key terms but leaves room for negotiation is the first step in a process.

"The path to a comprehensive, binding contract will follow laws of Bangladesh including the Public Procurement Act, 2006, the Public Procurement Rules, 2008 and the Foreign Private Investment (Promotion and Protection) Act, 1980," Bangladesh Investment Development Authority (BIDA) Chairman Ashik said in a statement on Sunday.

Chief Adviser's press wing shared the statement.

Read: BIDA launches FDI Heatmap to attract targeted investment in key sectors

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